Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: Numerator: 2021 2020 $ 282,880 $ 270,800 128,200 122,080 18,100 17,300 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2019 $ 252,600 115,280 16,400 Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Denominator: Trend Percent for Cost of Goods Sold: Denominator: 2018 $ 234,560 106,440 15,200 ## = B = 2017 $ 150,000 67,000 9,000 = Trend percent Trend percent % % % % % % % % % %
Sales Cost of goods sold Accounts receivable 2021: 2020: 2019: Numerator: 2021 2020 $ 282,880 $ 270,800 128,200 122,080 18,100 17,300 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. Numerator: 2018: 2017: Is the trend percent for Net Sales favorable or unfavorable? 2019 $ 252,600 115,280 16,400 Trend Percent for Net Sales: 2021: 2020: 2019: 2018: 2017: is the trend percent for Cost of Goods Sold favorable or unfavorable? Denominator: Trend Percent for Cost of Goods Sold: Denominator: 2018 $ 234,560 106,440 15,200 ## = B = 2017 $ 150,000 67,000 9,000 = Trend percent Trend percent % % % % % % % % % %
Chapter1: Financial Statements And Business Decisions
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